the rmr group llc, a subsidiary of the rmr group inc. (nasdaq: rmr), is an alternative asset management company primarily focused on real estate related businesses. founded in 1986, the rmr group has grown to one of the leading real estate investment managers in the u.s. with, as of december 31, 2016, approximately $27.2 billion of total assets under management, including more than 1,400 properties, and employed over 450 real estate professionals in more than 30 offices throughout the united states; the companies managed by the rmr group llc collectively had over 53,000 employees. the rmr group provides management services to four publicly traded reits, three real estate operating companies, one real estate securities ,mutual fund and a firm specializing in commercial real estate finance. for more information on the rmr group, please visit www.rmrgroup.com.
Company profile
Ticker
RMR
Exchange
Website
CEO
Adam Portnoy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Reit Management & Research Inc.
SEC CIK
Corporate docs
Subsidiaries
The RMR Group LLC • RMR Licenses Inc. • Tremont Realty Capital LLC ...
IRS number
474122583
RMR stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
27 Mar 24
8-K
1 Investor Presentation March 2024
19 Mar 24
8-K/A
Financial Statements and Exhibits
6 Mar 24
10-Q
2024 Q1
Quarterly report
7 Feb 24
8-K
The RMR Group Inc. Announces First Quarter Fiscal 2024 Results
7 Feb 24
DEFA14A
Additional proxy soliciting materials
17 Jan 24
DEF 14A
Definitive proxy
17 Jan 24
ARS
2023 FY
Annual report to shareholders
17 Jan 24
8-K
The RMR Group Completes Acquisition of CARROLL Multifamily Platform
19 Dec 23
8-K
Departure of Directors or Certain Officers
20 Nov 23
Transcripts
RMR
Earnings call transcript
2024 Q1
8 Feb 24
RMR
Earnings call transcript
2023 Q4
16 Nov 23
RMR
Earnings call transcript
2023 Q3
10 Aug 23
RMR
Earnings call transcript
2023 Q2
4 May 23
RMR
Earnings call transcript
2023 Q1
3 Feb 23
RMR
Earnings call transcript
2022 Q3
15 Nov 22
RMR
Earnings call transcript
2022 Q3
5 Aug 22
RMR
Earnings call transcript
2022 Q2
9 May 22
RMR
Earnings call transcript
2022 Q1
28 Jan 22
RMR
Earnings call transcript
2021 Q4
16 Nov 21
Latest ownership filings
4
ADAM D. PORTNOY
29 Mar 24
4
JENNIFER B CLARK
29 Mar 24
4
Walter C. Jr. Watkins
29 Mar 24
4
Rosen Plevneliev
29 Mar 24
4
Jonathan Veitch
29 Mar 24
4
Ann Logan
29 Mar 24
SC 13G/A
Nantahala Capital Management, LLC
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
13 Feb 24
SC 13G/A
ABP Trust
7 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Sep 23 | Sep 22 | Sep 21 | Sep 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 267.99 mm | 267.99 mm | 267.99 mm | 267.99 mm | 267.99 mm | 267.99 mm |
Cash burn (monthly) | 9.14 mm | (no burn) | (no burn) | (no burn) | 1.49 mm | (no burn) |
Cash used (since last report) | 62.72 mm | n/a | n/a | n/a | 10.24 mm | n/a |
Cash remaining | 205.27 mm | n/a | n/a | n/a | 257.75 mm | n/a |
Runway (months of cash) | 22.4 | n/a | n/a | n/a | 172.7 | n/a |
Institutional ownership, Q3 2023
84.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 181 |
Opened positions | 32 |
Closed positions | 19 |
Increased positions | 53 |
Reduced positions | 39 |
13F shares | Current |
---|---|
Total value | 296.32 bn |
Total shares | 13.22 mm |
Total puts | 47.10 k |
Total calls | 6.20 k |
Total put/call ratio | 7.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 2.28 mm | $55.79 bn |
BLK Blackrock | 1.88 mm | $46.19 bn |
ABP Trust | 1.09 mm | $0.00 |
Hotchkis & Wiley Capital Management | 704.97 k | $17.29 bn |
FHI Federated Hermes Inc - Ordinary Shares | 513.17 k | $12.58 bn |
Royce & Associates | 450.66 k | $11.05 bn |
Renaissance Technologies | 438.01 k | $10.76 bn |
Nantahala Capital Management | 432.03 k | $10.59 bn |
Geode Capital Management | 375.20 k | $9.20 bn |
STT State Street | 346.84 k | $8.50 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Mar 24 | Clark Jennifer B | Class A Common Stock | Grant | Acquire A | No | No | 0 | 4,219 | 0.00 | 50,236 |
27 Mar 24 | Walter C. Jr. Watkins | Class A Common Stock | Grant | Acquire A | No | No | 0 | 4,219 | 0.00 | 25,219 |
27 Mar 24 | Jonathan Veitch | Class A Common Stock | Grant | Acquire A | No | No | 0 | 4,219 | 0.00 | 16,219 |
27 Mar 24 | Ann Logan | Class A Common Stock | Grant | Acquire A | No | No | 0 | 4,219 | 0.00 | 27,797 |
27 Mar 24 | Portnoy Adam | Class A Common Stock | Grant | Acquire A | No | No | 0 | 4,219 | 0.00 | 114,157 |
News
JMP Securities Initiates Coverage On RMR Gr with Market Perform Rating
19 Apr 24
B. Riley Securities Maintains Buy on RMR Gr, Lowers Price Target to $35
8 Mar 24
5 Value Stocks In The Real Estate Sector
12 Feb 24
RMR Gr: Q1 Earnings Insights
7 Feb 24
RMR Gr Q1 2024 Adj EPS $0.49 Beats $0.45 Estimate, Sales $261.67M Beat $225.26M Estimate
7 Feb 24
Press releases
The RMR Group Highlights Recent Achievements in 2023 Annual Sustainability Report
16 Apr 24
Diversified Healthcare Trust First Quarter 2024 Conference Call Scheduled for Tuesday, May 7th
8 Apr 24
Office Properties Income Trust First Quarter 2024 Conference Call Scheduled for Thursday, May 2nd
3 Apr 24
Diversified Healthcare Trust Provides Monthly SHOP Performance Update
2 Apr 24
Industrial Logistics Properties Trust First Quarter 2024 Conference Call Scheduled for Wednesday, May 1st
2 Apr 24